BofA analyst Ruplu Bhattacharya raised the firm’s price target on Sanmina (SANM) to $100 from $95 and keeps a Neutral rating on the shares after having hosted a fireside chat with CFO Jonathan Faust at the BofA 2025 Global Technology Conference. Following the event, the firm applies a slightly higher multiple on more confidence in improving mix of higher margin cloud/AI revenues, the analyst tells investors.
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